BOER IN THE BOX: what changed
BOER IN THE BOX
Largest movements
- Tangible fixed assets -€5,939
down €5,939 (-15.5%), from €38,359 to €32,420
- Cash +€1,395
up €1,395 (+641%), from €218 to €1,613
mainly Other debts (+€10,601) and Trade debts (+€8,095)
- Receivables within one year +€1,083
up €1,083 (+62.6%), from €1,729 to €2,811
of which Trade receivables: +€595
- Profit (loss) carried forward -€11,103
down €11,103 (-37.1%), from -€29,937 to -€41,040
- Other debts +€10,601
up €10,601 (+37.5%), from €28,273 to €38,874
- Debts after one year -€9,446
no longer reported in 2024 (was €9,446)
- Trade debts +€8,095
up €8,095 (+200%), from €4,044 to €12,140
- Current portion of long-term debt -€1,692
down €1,692 (-15.2%), from €11,138 to €9,446
- Staff costs -€1,788
down €1,788 (-40.8%), from €4,379 to €2,591
- Gross operating margin -€1,576
down €1,576 (-3,137%), from -€50 to -€1,626
- Depreciation +€252
up €252 (+4.4%), from €5,687 to €5,939
- Financial charges +€65
up €65 (+17.2%), from €376 to €441
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,477 | €37,161 | -€3,316 | -8.2% |
| Fixed assets | 21/28 | €38,359 | €32,420 | -€5,939 | -15.5% |
| Tangible fixed assets | 22/27 | €38,359 | €32,420 | -€5,939 | -15.5% |
| Plant, machinery and equipment | 23 | €38,359 | €32,420 | -€5,939 | -15.5% |
| Current assets | 29/58 | €2,118 | €4,741 | +€2,623 | +124% |
| Amounts receivable within one year | 40/41 | €1,729 | €2,811 | +€1,083 | +62.6% |
| Trade receivables | 40 | €788 | €1,383 | +€595 | +75.5% |
| Other amounts receivable | 41 | €941 | €1,428 | +€488 | +51.8% |
| Cash at bank and in hand | 54/58 | €218 | €1,613 | +€1,395 | +641% |
| Deferred charges and accrued income | 490/1 | €171 | €317 | +€145 | +84.7% |
| Total equity and liabilities | 10/49 | €40,477 | €37,161 | -€3,316 | -8.2% |
| Equity | 10/15 | -€12,437 | -€23,540 | -€11,103 | -89.3% |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,937 | -€41,040 | -€11,103 | -37.1% |
| Amounts payable | 17/49 | €52,914 | €60,701 | +€7,787 | +14.7% |
| Amounts payable after more than one year | 17 | €9,446 | - | -€9,446 | |
| Financial debts | 170/4 | €9,446 | - | -€9,446 | |
| Amounts payable within one year | 42/48 | €43,467 | €60,701 | +€17,233 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €11,138 | €9,446 | -€1,692 | -15.2% |
| Trade debts | 44 | €4,044 | €12,140 | +€8,095 | +200% |
| Suppliers | 440/4 | €4,044 | €12,140 | +€8,095 | +200% |
| Taxes, remuneration and social security | 45 | €12 | €241 | +€229 | +1,930% |
| Taxes | 450/3 | - | €32 | +€32 | |
| Remuneration and social security | 454/9 | €12 | €208 | +€197 | +1,659% |
| Other amounts payable | 47/48 | €28,273 | €38,874 | +€10,601 | +37.5% |
| Remuneration, social security and pensions | 62 | €4,379 | €2,591 | -€1,788 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,687 | €5,939 | +€252 | +4.4% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | -€50 | -€1,626 | -€1,576 | -3,137% |
| Operating profit (loss) | 9901 | -€10,610 | -€10,662 | -€52 | -0.5% |
| Financial charges | 65/66B | €376 | €441 | +€65 | +17.2% |
| Recurring financial charges | 65 | €376 | €441 | +€65 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,986 | -€11,103 | -€117 | -1.1% |
| Profit (loss) for the period | 9904 | -€10,986 | -€11,103 | -€117 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,986 | -€11,103 | -€117 | -1.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.